crystal castle is the only jewelry store in a town. amber diamond, a new jewelry store, comes into the town and opens a store not with the intent to make a profit but to drive crystal castle out of business so that its associate, opal ruby, can start a legitimate jewelry store once the competition has been eliminated. amber's actions constitute .

Question

25-10-2022
Business

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crystal castle is the only jewelry store in a town. amber diamond, a new jewelry store, comes into the town and opens a store not with the intent to make a profit but to drive crystal castle out of business so that its associate, opal ruby, can start a legitimate jewelry store once the competition has been eliminated. amber's actions constitute .

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Qwglue Qwglue · Answer 1 · 2022-11-05T21:00:20+01:00

Involvement of unfair competition by Amber Diamond in opening up the store with the intention of driving crystal castle out of business.

Unfair competition is a competition in which wrong, fraudulent, and illegally deceptive acts are performed by a company in order to gain a competitive gain, harm the company, end the monopoly of others' business, and try to drive them out of their business in any way possible.

This could be done in many ways such as:

Stealing a competitor's special formulation and misuse of confidential information.
Rumor-mongering could harm the existing company's reputation.

As crystal castle is the only jewelry store in the town and has its monopoly. However, a new shop named amber diamond opened in the town not to make a profit but to ensure to drive the existing shops out of the business by unfair means as mentioned above which resulted in unfair competition between two jewelry shops in the town.

To learn more about unfair competition, follow the below link:

https://brainly.com/question/1350670

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